Home Equity Loans

Borrow Some Money from Your Home

We all have things we want to do. Remodel the kitchen. Take the ultimate summer vacation. Pay off those pesky student loans. Have you thought about using the equity in your home to do more?

If you’ve paid down the principal on your home loan for several years or your home’s value has appreciated, you may have some equity you can use.

Home Equity Loan

A fixed loan rate tied to the equity in your home, which allows you to borrow a set dollar amount for a specific period of time.

With a Highpoint Community Bank Home Equity Loan, you can borrow up to 89.99% of the equity in your home, which is paid to you in a lump sum. You have a competitive, fixed interest rate and steady monthly payments over the term of the loan. Loan products and rates are based on your home’s equity.

Home Equity Line of Credit (HELOC)

A revolving credit line based on the equity of your home that gives you convenient access to funds when needed.

Our Equity Advantage line of credit allows you to borrow up to 89.99% of the equity in your home at a competitive interest rate. Payments are based on the amount you utilize, and as you repay the loan, funds become available to use again. The interest rate is a variable rate based on the Wall Street Journal Prime and the equity in your home.

Our variable rate HELOC also offers you a special feature with the ability to make fixed rate draws throughout the life of the line. As you pay down the fixed rate balance, the principal amount is made available again on the line of credit under the original variable rate terms.